EBRD Acquired 2.51% of Bank Audi’s Common Shares in March 2018

The European Bank for Reconstruction and Development (EBRD) signed off its first ever investment in Lebanon by acquiring 2.51% of Bank Audi’s total common shares outstanding on March 15, 2018. The transaction also marked the EBRD’s first equity investment in a bank in the southern and eastern Mediterranean (SEMED) region.

This step is expected to signal confidence in Lebanon’s financial sector and in the return on an investment in a major Lebanese bank.

It is worthy to note that the EBRD is “a multilateral bank committed to the development of market-oriented economies and the promotion of private and entrepreneurial initiative in more than 38 economies.” The Bank has also invested approximately €6.5B in more than 170 projects across the SEMED region since 2012 in Egypt, Jordan, Morocco, and Tunisia, and since May 2017 in Gaza and the West Bank. In its turn, Lebanon became an EBRD economy of operations in Sept. 2017.

Source: Beirut Stock Exchange


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